U.S. factories produced more consumer goods, business equipment and raw materials in March, boosting manufacturing activity for the ninth straight month. Get the full story »
Inside these posts: Fed
Rising oil prices are unlikely to push up core inflation and thus should not trigger any interest-rate hikes from the U.S. Federal Reserve, according to research from a top Fed official on Monday. Get the full story »
A cautionary tale with a twist ending helped Naperville fifth-grader Charles Tiseo win the 2011 Money Smart Kid award during the Federal Reserve Bank of Chicago’s financial literacy week.
The White Eagle Elementary School student, 11, beat out 116 other entrants with his “Curious Case of Benjamin Budget” story about an poor old man who ignored the lessons of his youth. Get the full story »
Some Federal Reserve officials last month believed they would have to hold to an easy monetary policy course beyond this year while a few said the central bank should move to tighter conditions before year-end. Get the full story »
The Federal Reserve Bank of New York has turned down an offer by American International Group to repurchase dodgy mortgage bonds that the Fed had taken off the insurance company’s hands during the financial crisis. Get the full story »
U.S. bank regulators on Tuesday unveiled a proposal to overhaul the market for securities backed by mortgages and other assets, a piece of the financial system battered by the recession and financial crisis. Get the full story »
The Federal Reserve plans to release documents on Thursday identifying financial companies that received Fed loans to survive the financial crisis. Get the full story »
The U.S. Federal Reserve Bank should complete its planned $600 billion in bond purchases, but probably does not need to do buy additional bonds to support the economy, a top Fed official said on Monday. Get the full story »
Federal Reserve Bank of Kansas City President Thomas Hoenig will retire Oct. 1, marking nearly four decades of central bank service. Get the full story »
The Federal Reserve should complete its current round of bond-buying, designed to support the recovery, and likely does not need to extend it, Chicago Fed President Charles Evans said on Friday. Get the full story »
The U.S. Federal Reserve Board on Monday said it is preparing to release sensitive emergency lending data from the peak of the 2008 financial crisis after the Supreme Court rejected a bid by major banks to keep the information secret.
The justices, in a short written order, left in place a 2010 federal appeals court decision that ordered the Fed to identify commercial banks that received emergency loans from the central bank during the crisis. Shortly after the announcement, a Fed spokesman said the central bank would release the information, but didn’t provide a time frame. Get the full story »
JPMorgan Chase & Co, Wells Fargo & Co. and other major U.S. banks plan to boost their dividend payments after passing stress tests evaluated by the Federal Reserve.
The share buybacks signal that regulators view banks as being healthy enough to withstand the remaining uncertainties in the economy, after the banking system has been profitable for a year. Get the full story »
Some of the largest U.S. banks will be notified on Friday whether they passed a second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported on Thursday. Get the full story »
The net worth of Americans rose toward the end of last year as stock market portfolios surged, and overall household debt declined as mortgage liabilities waned.
In its “Flow of Funds” data, the Federal Reserve said Thursday that U.S. households’ total net worth rose 3.9 percent in the October through December period, to $56.823 trillion. Get the full story »
With crude oil at more than $100 a barrel and gold hovering near a record high, many are clearly worried about inflation.
But Friday’s jobs report featured some encouraging news on the inflation front — in the most classic economic textbook sense, it isn’t showing up in the broader economy yet. Get the full story »